News links: John Bolton for president!!!

With the recovery faltering less than two months before the November congressional elections, President Obama’s economic team is considering tax breaks for businesses potentially worth hundreds of billions of dollars, according to two people familiar with the talks. Among the options are a temporary payroll tax holiday and a permanent extension of the research and development tax credit. Washington Post>>>

Still reeling from outsider Joe Miller’s improbable defeat of GOP Sen. Lisa Murkowski in Alaska, Republicans in Delaware are staging an all out assault on the Tea Party Senate candidate in their state, hoping to preserve the chances of party favorite Rep. Mike Castle. Politics Daily>>>

What will our political landscape look like if a massive Republican sweep of the midterm elections comes to pass? National Review Online>>>

Since we’re musing here, how ’bout this one: John Bolton for president in 2012! We’re serious — or at least the mustachioed former U.S. ambassador to the United Nations is serious about it. He said he hasn’t ruled it out. We can’t wait to see Bolton, Huckabee, Palin and Barbour debate. That’d be entertaining. CBS.com>>>

BP is warning Congress that if lawmakers pass legislation that bars the company from getting new offshore drilling permits, it may not have the money to pay for all the damages caused by its oil spill in the Gulf of Mexico. The company says a ban would also imperil the ambitious Gulf Coast restoration efforts that officials want the company to voluntarily support. New York Times>>>

An oil platform exploded and burned off the Louisiana coast Thursday, the second such disaster in the Gulf of Mexico in less than five months. This time, the Coast Guard said there was no leak, and no one was killed. San Antonio Express-News>>>

Thanks to TV ads bought by a Chicago dentist, Eileen Smith is pining for the good old days of the Hillary for President campaign. In the Pink>>>